News coverage about Constellation Brands (NYSE:STZ) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Constellation Brands earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.5836474994578 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Several equities analysts recently issued reports on the company. Zacks Investment Research raised Constellation Brands from a “hold” rating to a “buy” rating and set a $207.00 target price on the stock in a research note on Thursday, June 22nd. Argus increased their target price on Constellation Brands from $194.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, July 5th. Wells Fargo & Company reissued an “outperform” rating and set a $215.00 target price (up previously from $205.00) on shares of Constellation Brands in a research note on Monday, July 3rd. Goldman Sachs Group, Inc. (The) reissued a “conviction-buy” rating and set a $212.00 target price (up previously from $198.00) on shares of Constellation Brands in a research note on Friday, June 30th. Finally, Morgan Stanley increased their target price on Constellation Brands from $204.00 to $218.00 and gave the stock an “overweight” rating in a research note on Monday, July 3rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Constellation Brands currently has an average rating of “Buy” and a consensus price target of $202.00.
Shares of Constellation Brands (NYSE:STZ) traded down 0.28% during midday trading on Wednesday, reaching $201.77. The company’s stock had a trading volume of 831,855 shares. Constellation Brands has a 52 week low of $144.00 and a 52 week high of $205.12. The firm’s 50 day moving average is $198.80 and its 200 day moving average is $183.32. The firm has a market capitalization of $39.41 billion, a price-to-earnings ratio of 25.31 and a beta of 0.03.
Constellation Brands (NYSE:STZ) last issued its quarterly earnings data on Thursday, June 29th. The company reported $2.34 EPS for the quarter, topping the Zacks’ consensus estimate of $1.98 by $0.36. The company had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Constellation Brands had a return on equity of 21.57% and a net margin of 19.94%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.54 earnings per share. Equities analysts forecast that Constellation Brands will post $8.18 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date was Monday, August 7th. Constellation Brands’s dividend payout ratio is presently 26.03%.
In other Constellation Brands news, EVP William F. Hackett sold 12,517 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $197.00, for a total transaction of $2,465,849.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Barry A. Fromberg sold 2,000 shares of Constellation Brands stock in a transaction dated Thursday, July 13th. The stock was sold at an average price of $195.93, for a total value of $391,860.00. Following the sale, the director now directly owns 22,820 shares in the company, valued at $4,471,122.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 108,118 shares of company stock worth $21,052,835. 15.59% of the stock is currently owned by insiders.
Constellation Brands Company Profile
Constellation Brands, Inc is an international beverage alcohol company. The Company is a producer and marketer of beer, wine and spirits with operations in the United States, Canada, Mexico, New Zealand and Italy. Its segments include Beer, Wine and Spirits, and Corporate Operations and Other. It is a multi-category supplier (beer, wine and spirits) of beverage alcohol in the United States.
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